George Young

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BRAZIL'S NEW ENDOWMENTS LAW: USING PHILANTHROPY TO STRENGTHEN DEMOCRACY


13 March 2019

The election of right-wing firebrand Jair Bolsonaro as Brazil's president last year shocked the world and, given Bolsonaro’s past statements, many people had real concerns about what his victory might mean for Brazil's environmental protections and civil society freedoms.

However, in January the new Government passed Law No 13,800, a framework to govern the management of philanthropic money via endowment funds. This helps to channel philanthropic capital to areas of public interest that desperately need it such as education, science, culture, health and the environment.

The new law also creates rules around the governance and transparency of these endowments, to ensure that they are used in the right way and can command public trust. 

CAF's Head of Policy Rhodri Davies, along with Paula Fabiani, Chief Executive of CAF Global Alliance Partner, IDIS (both pictured below), explain in the Stanford Social Innovation Review just why this is such a huge step forward in Brazilian philanthropy.

Please click here to read the full article in the Stanford Social Innovation Review.

Rhodri and Paula at conference

Notes to editors

About CAF

The Charities Aid Foundation (CAF) is a leading international charity registered in the United Kingdom.

CAF exists to make giving go further, so that more lives and communities around the world can be transformed.

CAF is a charity and a champion for better giving, and for over 90 years has helped donors, companies, charities and social organisations make a bigger impact. Through CAF Bank, it offers simple and straightforward day-to-day banking, designed exclusively for charities.

We are CAF and we make giving count.

www.cafonline.org

About IDIS

IDIS is a civil society organisation and CAF’s Global Alliance partner organisation in Brazil. Operating since 1999, IDIS works to build and support a thriving and sustainable civil society by providing strategic philanthropic solutions to individuals, family and corporate foundations. Always at the forefront of driving continuous development of practices in Brazilian philanthropy, IDIS carried out Brazil’s first-ever Social Return on Investment evaluation (SROI) and is responsible for creating the first robust piece of research on giving in Brazil, entitled: ‘Pesquisa Doação Brasil’.

Recently, IDIS has played a key role in creating a positive operating environment for civil society by building relationships with Government, successfully campaigning for legislation for the creation of philanthropic endowments and early childhood care.

About CAF Global Alliance

The CAF Global Alliance is a leading international network of independent, locally led organisations working at the forefront of philanthropy and civil society. It is a champion for better giving and civil society and harnesses local knowledge and expertise to help donors, companies and civil society make a bigger impact. Last year more than 70,000 charities received over £500m in donations in more than 100 countries.

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